Adelphi Capital LLP Q4 2022 vs. Q1 2023: 13F Holdings Comparison

Investment firms and hedge funds are required to file the Form 13F every quarter, providing a snapshot of their holdings' changes. Adelphi Capital LLP, a UK-based hedge fund, recently submitted its Q4 2022 and Q1 2023 filings to the SEC. The comparison of Adelphi Capital's 13F holdings shows how the hedge fund has been strategically reshuffling its investments and backing new positions.

First, Adelphi Capital LLP added 8,360 shares of Meta Platforms Inc (META) to its Q1 2023 portfolio, with a total value of $1.77 million. Then, the firm acquired 4,845 shares of Arthur J. Gallagher & Co (AJG), with a total value of $926,000. These new positions suggest Adelphi Capital's bullish outlook for these two companies, considering the stakes they have taken.

In the case of Clarivate Plc (CLVT), Adelphi Capital LLP bought even more shares – 54,000 in total – representing a significant investment of around $0.5 million in Q1 2023. It's worth noting that, in Q4 2022, Adelphi held no shares of Clarivate. The increased investment in Clarivate may suggest a potential shift in Adelphi Capital's strategy to focus on growth stocks or data analytics companies.

However, the most significant change observed in Adelphi's 13F holdings comparison comes from the exit of Mondelez International Inc (MDLZ) and other valuable stakes. Adelphi Capital LLP sold out ALL of its 24,297 shares in Mondelez during the last quarter, resulting in a 100% change in holdings. It's uncertain why the hedge fund sold its investments in the multinational food corporation, which is known for its iconic brands like Oreos, Cadbury, Toblerone, and Trident. Worthy of note also is Adelphi's divestment from Dollar General (DG), Mastercard (MA), McDonald's Corporation (MCD), and Alphabet Inc. (GOOGL).

This 13F comparison shows that Adelphi Capital has shifted its strategy towards companies that it believes have better long-term growth prospects. As a cautious hedge fund, Adelphi Capital takes great care in identifying new opportunities and in re-evaluating their current positions, as shown by its 13F filings. Although the data does not provide a complete picture of their investment strategy, it provides a benchmark on how the Adelphi Capital is allocating resources.